1 min read.Updated: 02 Jan 2019, 02:11 PM ISTLivemint
Currently, Singapore GRM is down primarily because of weakness in petrol (or gasoline) cracks, amid a glut in the gasoline market
The Singapore gross refining margin (GRM), an important benchmark of profitability for refining companies, dropped considerably in the December quarter. The measure has averaged at $4.4 per barrel so far this quarter, pointed out ICICI Securities Ltd in a report on 27 December. The report added that the Singapore GRM is at a 33-quarter low. This represents a 28% decline compared to September quarter.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.